Crypto Talent

[sebking1986]

Exactly I personally think Blockchain will have a huge impact on our society. Love the idea and would love to discuss technical parts. Personally built few project myself on my local Ganache blockchain.

The amount of fraud in this space is unprecedented. No one ever saw anything like this before, MBS was kids play comparing to shit happening in crypto. If fraud is stopped crypto will crash hugely and then we will have a normal market.

Not a dig but where are the stats to support that assertion? The stats I saw for 2021 suggest on centralised exchanges at least the estimated amount of fraudulent money transacted was $14bn according to Time Magazine. The total transaction volume in 2021 was $15.8tn so scammers accounting for 0.089% of transactions.

 

[MarkBrown]

wrong about USD weakening. The new cycle has started it will get a lot stronger

lol the us dollar is toilet paper now.

i have a crypto debit card and have maybe $30 in my pocket that i only spend for tips.

using my crypto backed debit card on everything i buy no banks involved at all, not contributing to fiat currencies any longer.

decentralized crypto is true freedom from oppressive governments that enslave you from birth and brainwash you with the views that you're expressing here.

 

[Tokenz]

the usa currency is a shitcoin now, people will wake up soon. maybe

Yes, it's very sad that people have this much faith in their own government. And what has the government ever done for anyone?

 

[newwurldmn]

I think the problem with most of the crypto haters on this board is that they don't look at the problems with their own currency. And that's where Bitcoin comes in.

All you hear from them is , "Bitcoin this" "Bitcoin that." And even the problems that they talk about with Bitcoin, really isn't anything big, or it's just plain stupid.

Like one commentor on here was complaining that it's too easy to lose your wallet keys. And that was probably one of the dummest comments I've ever read, because it's nobodies fault but your own if that even happens.

But the main reason why Bitcoin will become more valuable is because the US dollar is becoming less valuable.

People want their assets to increase in value, not decrease, and this is where crypto will succeed. Because lets face it, the US dollar is like a sinking ship. Going down.

Another reason why it will succeed is because you are in control of your own bank. Who wants a bank to tell you what you can and cannot do?

When you send a large amount of money, do you really want to be interrogated by a bank to explain to them what you are doing with your funds?

Enough said.

a lot more needs to be said. Half of this is sophomoric and the other half makes no sense whatsoever.

The smartest answer I ever got (by a serial fin tech entrepreneur) was that crypto is rebuilding the financial system but no one can explain why a specific crypto currency should go up because of it (this is including some series A investors in coin base that I know)

Inflation hedge makes no sense because it’s not even a piece of paper. Crypto has a high cost of carry with electricity.

Greater adoption makes sense, but not for Bitcoin because without the creation of more coins it will lead to unstable economies of inflation

rebuilding the financial system makes sense but how do tradeable cryptos represent a discounted cashflow valuation of that?

 

[MarkBrown]

Not a dig but where are the stats to support that assertion? The stats I saw for 2021 suggest on centralised exchanges at least the estimated amount of fraudulent money transacted was $14bn according to Time Magazine. The total transaction volume in 2021 was $15.8tn so scammers accounting for 0.089% of transactions.

there is an old saying - but first who owns the media?

"consider the source"

no one is talking about how the exchanges have scammed the public for decades want me expand or do you concede that's the truth.

most people who get scammed are also the ones who welcome viruses on their computers, there is no obligation for anyone to provide a fool proof investment vehicle for fools.

The Biggest Stock Scams of Recent Time

 

[RedDuke]

Not a dig but where are the stats to support that assertion? The stats I saw for 2021 suggest on centralised exchanges at least the estimated amount of fraudulent money transacted was $14bn according to Time Magazine. The total transaction volume in 2021 was $15.8tn so scammers accounting for 0.089% of transactions.

70 percent of crypto daily volume is in stable coins. USDT has the largest volumes. They have been caught lying about what backs it multiple times. It is all out there if you open your eyes.

 

[RedDuke]

lol the us dollar is toilet paper now.

i have a crypto debit card and have maybe $30 in my pocket that i only spend for tips.

using my crypto backed debit card on everything i buy no banks involved at all, not contributing to fiat currencies any longer.

decentralized crypto is true freedom from oppressive governments that enslave you from birth and brainwash you with the views that you're expressing here.

try to spend 100k on it. All works easy for tiny amounts.

 

[deaddog]

lol the us dollar is toilet paper now.

i have a crypto debit card and have maybe $30 in my pocket that i only spend for tips.

using my crypto backed debit card on everything i buy no banks involved at all, not contributing to fiat currencies any longer.

decentralized crypto is true freedom from oppressive governments that enslave you from birth and brainwash you with the views that you're expressing here.

How does a crypto debit card work?
You go out to a restaurant and the bill comes to 100 bucks. Once you tap your card, what is the process that takes place?

 

[MarkBrown]

And what has the government ever done for anyone?

governments have:

enslaved, taxed, experimented, murdered, incarcerated, created a maze of complicated and convoluted laws, mislead on drugs, environment, health, entitlements etc.

A-Z Index of U.S. Government Departments and Agencies

 

[Sprout]

Yes but that is your own opinion now isn't it?

When Bitcoin first came out, it was just 25 cents a token.

Let that sink in for a minute...

BTC was free, when first introduced.
It's value was established through emergent free market dynamics. BTC pizza day was the first transaction that gave BTC a dollar value.